Page 14 - Trophy Club ORD 2023-15 Adoption FY23-24

All Funds Summary - Fiscal Year 2024

FY24 Tax Rate GOVERNMENTAL FUNDS PROPRIETARY FUNDS COMPONENT
UNITS
Capital Information Hotel Street Court Parkland Stormwater
0.415469 General Fund Debt Service Capital Projects Replacement Replacement Occupancy Maintenance Technology Court Security CCPD Fund Program Fund Dedication TIRZ #1 Grants Fund Trophy Club Drainage EDC 4B Fund Total
Recreation
Services
Equipment
Park Fund
Fund
Fund
Fund
Fund Fund Fund Sales Tax Fund Fund Fund Utility Fund
Beginning Fund Balance - FY22 $ 6,954,899 $ 165,869 $ (912,745) $ 659,711 $ 218,873 $ 2,638,723 $ 259,253 $ 8,514 $ 50,015 $ 196,044 $ 21,550 $ 177,650 $ (98,737) $ 9,886 $ 355,332 $ 872,424 $ 1,719,735 $ 13,471,805
ACFR less FY23 Exp
Revenue
Property Tax 8,953,445 2,625,982 79,744 11,659,172
Licenses and Permits 255,000 255,000

Franchise Fees 917,500 917,500
Sales/Occupancy Tax 1,595,000 600,000 350,000 350,000 81,339 752,625 3,728,964

Fines and Fees 318,476 1,000 5,000 6,000 200,000 430,000 960,476

Intergovernmental (MUD) 1,195,440 1,195,440
Grants - -

Charges for Service 909,154 909,154

Investment Income 160,000 20,000 5,000 1,500 1,000 1,750 1,200 5,000 195,450

Miscellaneous Income 161,000 2,500 7,500 500 171,500
Contributions -

Total Revenue $ 14,465,015 $ 2,628,482 $ 20,000 $ - $ - $ 612,500 $ 351,500 $ 1,000 $ 5,000 $ 351,000 $ 6,000 $ 1,750 $ 161,083 $ - $ 201,200 $ 435,000 $ 753,125 $ 19,992,656

Expenditures
General Government - 59,379 634,018 693,397
Manager's Office 549,873 2,250,000 2,799,873

Town Secretary's Office 262,275 262,275

Legal 225,430 225,430

Police 3,870,180 - 449,436 4,319,616

Emergency Medical Services 1,625,885 121,000 1,746,885

Fire 1,761,163 6,500 1,767,663

Streets 305,490 345,318 271,465 922,273
Parks 1,644,559 167,500 270,302 2,082,361

Recreation 927,947 147,217 6,000 1,081,164
Community Events 56,300 378,309 434,609

Community Development 459,071 52,000 511,071
Finance 591,264 591,264
Municipal Court 109,240 2,755 2,500 114,495
Human Resources 487,281 487,281
Communications 217,577 217,577
Information Services 941,297 50,000 991,297

Facility Maintenance 308,724 - 308,724
Debt Service - 2,892,720 408 2,893,128
Capital - Projects - 6,725,000 100,000 97,000 6,922,000

Total Expenditures $ 14,343,557 $ 2,892,720 $ 6,725,000 $ 2,744,217 $ 50,000 $ 478,309 $ 345,318 $ 2,755 $ 2,500 $ 449,436 $ 6,000 $ 97,000 $ 59,379 $ - $ 270,302 $ 271,465 $ 634,426 $ 29,372,384

Current Revenues to $ 121,458 $ (264,238) $ (6,705,000) $ (2,744,217) $ (50,000) $ 134,191 $ 6,182 $ (1,755) $ 2,500 $ (98,436) $ - $ (95,250) $ 101,704 $ - $ (69,102) $ 163,535 $ 118,699 $ (9,379,729)

Expenditures
Other Sources (Uses):
Debt Issuance - -
Transfers In 151,500 201,518 2,744,217 50,000 3,147,235
Excess Current Revenue 121,458
Available for Transfer to Capital 272,958
Transfers Out 2,744,217 (95,000) 20,000 1,500 15,000 20,000 (2,705,717)

Total Other Sources (Uses) $ (2,471,259) $ 201,518 $ - $ 2,744,217 $ 50,000 $ 95,000 $ (20,000) $ - $ (1,500) $ - $ - $ - $ - $ - $ (15,000) $ (20,000) $ - $ 562,976
Net Increase (Decrease) $ (2,471,259) $ (62,720) $ (6,705,000) $ - $ - $ 229,191 $ (13,818) $ (1,755) $ 1,000 $ (98,436) $ - $ (95,250) $ 101,704 $ - $ (84,102) $ 143,535 $ 118,699 $ (8,938,211)

Ending Fund balance $ 4,483,640 $ 103,149 $ (7,617,745) $ 659,711 $ 218,873 $ 2,867,914 $ 245,435 $ 6,759 $ 51,015 $ 97,608 $ 21,550 $ 82,400 $ 2,967 $ 9,886 $ 271,230 $ 1,015,959 $ 1,838,434 $ 4,955,000
FY24 Adopted Budget 6